- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
If your 2017 property taxes are higher than the amounts of the credits, then you can deduct the credits from the property taxes and claim the net amount. If the credits are higher, you cannot deduct them the 2017 property taxes as it would result in a negative net amount and you report the credits as otherincome. Tax-wise, this achieves the same result.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎June 5, 2019
11:31 AM